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Was Fired New York Times Editor Paid Less Than a Man?

Posted on 05/15/2014 by |Senior Editor, Money Team | Comments

WorkIt’s not just women toiling away in middle management or other low-profile positions who apparently are paid less than men. Jill Abramson, fired yesterday as executive editor of the New York Times — a position she had held since 2011 and the first woman ever in that spot — reportedly just weeks ago found out that her pay and pension benefits were much less than her male predecessor’s. She balked, and, according to the New Yorker, the pay gap was …

NY Times Ousts Abramson, First Woman Editor

Posted on 05/14/2014 by |General News | Comments

WorkBy the Associated Press NEW YORK (AP) — The New York Times has announced that executive editor Jill Abramson is being replaced by managing editor Dean Baquet after two and a half years on the job. The company didn’t give a reason for the change. Abramson and Baquet had both been in their current positions since September 2011. Baquet, who would be the first African-American to hold the newspaper‘s highest editorial position, received a Pulitzer Prize for investigative reporting in …

IBM Halts Practice of Disclosing Ages of Fired Workers

Posted on 05/12/2014 by |Money and Work | Comments

Bulletin Today | WorkAt IBM, older workers who believe they were fired because of their age may have a harder time proving their claim under a new company policy, Bloomberg News reports. The New York-based tech company is no longer providing fired workers over age 40 with the ages and job titles of other older workers dismissed in a group layoff, the report said. That disclosure is important because it helps fired employees assess whether IBM has potentially demonstrated a pattern of age discrimination …

What’s Mom Worth? Between $62,985 and $118,905

Posted on 05/8/2014 by |Money and Work | Comments

Bulletin Today | WorkIt’s difficult to put a price tag on moms (or so we’d like to think). Nevertheless, as Mother’s Day approaches this Sunday, two websites calculated a mom’s worth based on her various jobs around the house. Think top chef, chief accountant, chauffeur and teacher. Using Bureau of Labor Statistics wage data that correlates with those jobs outside the home, Insure.com said moms are worth $62,985 in 2014. That’s higher than their value last year, which was $59,862. >> Sign up for …

Unemployment for Older Workers a Little Bit Better

Posted on 05/2/2014 by |Money and Work | Comments

Bulletin Today | WorkEmployers added a higher-than-predicted 288,000 jobs to the economy in April and older workers seemed to benefit a little from that momentum, the government said Friday. Among men age 55 and older, the jobless rate in April declined slightly to 4.7 percent from 4.8 percent in March.  Older women saw a similar drop, to 4.6 percent from 4.7 percent the month before. For some perspective on the improving employment picture, consider that in April 2013, the jobless rate for older …

Three Generations, Three Different Retirements

Posted on 05/1/2014 by |Money and Work | Comments

Bulletin Today | WorkSo it seems that boomers and the Generation X that followed them believe a traditional retirement, the kind where you clock out of the job permanently at age 65 to travel, play golf, visit the grandkids or relocate to a sunnier destination, isn’t in their future. Yet Millennials, the oldest among them in their mid 30s, are much more hopeful. They predict they’ll retire at or before they reach their mid 60s, according to a survey released Wednesday by the nonprofit …